When it comes to living a frugal lifestyle, or working on your personal finances to make a better life for yourself, it can be hard to plug along. Motivation can get to a point of getting so low that you think “is this really worth it?” We’ve had this issue quite a few times since we’ve started to be frugal, but there is one thing that can keep you going. Accomplishment.
Recently, I was able to send in my very last student loan payment. After struggling back and forth trying to get it done, while paying other bills, saving for a home and trying to provide for our growing kids, it’s done. I’m finished. We are officially debt free. Now, even though I am ecstatic about finishing off our last debt(that is, until we finally get our house and a mortgage), I can’t’ help thinking what if I had never had that loan in the first place. How much would I have saved? Would life had turned out differently? Luckily, I can across this awesome depiction of how student loans can effect your finances in the long run. And I have to admit, it’s pretty accurate. Hopefully those of you who are struggling to get those loans paid off, or you parents who are thinking about how you or your kids are going to pay for college someday, can get something from this. And please, share with friends. Knowledge is power!
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